Saudi Arabia Ranks 4th Globally in Digital Services

The headquarters of the Digital Government Authority (Asharq Al-Awsat)
The headquarters of the Digital Government Authority (Asharq Al-Awsat)
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Saudi Arabia Ranks 4th Globally in Digital Services

The headquarters of the Digital Government Authority (Asharq Al-Awsat)
The headquarters of the Digital Government Authority (Asharq Al-Awsat)

Saudi Arabia has excelled in the United Nations E-Government Development Index (EGDI) and its related sub-indices, rising 25 positions in 2024 to join the ranks of leading nations globally.

The Kingdom now ranks fourth worldwide, first regionally, and second among G20 countries in the Digital Services Index. It also secured sixth place in the overall E-Government Development Index, seventh in the E-Participation Index, while Riyadh placed third in the Local E-Services Index, behind Tallinn and Madrid, out of 193 cities globally.

This achievement reflects the government’s extensive efforts and digital reforms under the Vision 2030 initiative, particularly through its Digital Transformation Program and various e-government projects. The private sector also contributed to this progress, as enhanced digital services and infrastructure boosted investor confidence and encouraged investment.

Saudi Arabia’s rise of 25 places marks the first time a Middle Eastern country has entered the global top 10 in the E-Government Index. In 2022, the Kingdom had already advanced 12 places, supported by e-government initiatives. Now, Saudi Arabia, South Korea, and Singapore are the only Asian countries in the top 10.

Additionally, the Kingdom ranked second globally in digital government services among G20 nations, first in the Middle East, and second in Asia. It also made substantial leaps in other areas, climbing 53 spots in the Telecommunications Infrastructure Index and 31 in the Human Capital Index.

The United Nations highlighted Saudi Arabia’s remarkable progress in the E-Services Index, where it jumped 67 places to rank fourth globally. Government digital regulations and the availability of open government data both reached 100%, while the Kingdom advanced 60 places in e-participation and consultations with citizens and businesses.

The Saudi Minister of Communications and Information Technology, Abdullah Al-Swaha, expressed his gratitude to King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman for their unwavering support of the digital sector and government transformation efforts. He credited this backing for Saudi Arabia's historic rise in global digital rankings, reflecting the goals of Vision 2030 and strengthening the country's role as a leader in the regional and global digital economy.

Governor of the Digital Government Authority Ahmed Al-Suwayan highlighted that the Kingdom’s progress in the UN E-Government Development Index is a direct result of leadership support. He emphasized that reforms and investments under Vision 2030 have enhanced cooperation between government entities, leading to the adoption of emerging technologies and the launch of key digital initiatives.



Oil Steadies as Market Awaits Fresh US Tariffs

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
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Oil Steadies as Market Awaits Fresh US Tariffs

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo

Oil prices were little changed on Wednesday as traders remained cautious ahead of US tariffs due to be announced at 2000 GMT, fearing they could exacerbate a global trade war and dampen demand for crude.

Brent futures were down 7 cents, or 0.09%, at $74.42 a barrel by 0858 GMT. US West Texas Intermediate crude futures fell 5 cents, or 0.07%, to $71.15.

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no detail on the size and scope of the trade barriers, according to Reuters.

Trump's tariff policies could stoke inflation, slow economic growth and escalate trade disputes.

"Crude prices have paused last month's rally, with Brent finding some resistance above $75, with the focus for now turning from a sanctions-led reduction in supply to Trump's tariff announcement and its potential negative impact on growth and demand," said Ole Hansen, head of commodity strategy at Saxo Bank.

Traders will be watching for levies on crude imports, potentially driving up prices of refined products, he added.

For weeks Trump has touted April 2 as "Liberation Day", bringing new duties that could rattle the global trade system.

The White House announcement is scheduled for 4 p.m. ET (2000 GMT).

"The balance of risk lies to the downside, given that weaker than expected tariff measures are unlikely to drive a significant rally in Brent, while stronger than expected measures could trigger a substantial selloff," BMI analysts said in a note.

Trump has also threatened to impose secondary tariffs on Russian oil and on Monday he ramped up sanctions on Iran as part of his administration's "maximum pressure" campaign to cut its exports.

"Markets likely to be volatile ahead of the final announcements on tariffs and the scale of them. The threat of secondary tariffs on Russian crude continues to provide some support for prices, with more downside risk at present around tariff uncertainty," said Panmure Liberum analyst Ashley Kelty.

US oil and fuel inventories painted a mixed picture of supply and demand in the world's biggest producer and consumer.

US crude oil inventories rose by 6 million barrels in the week ended March 28, according to sources citing the American Petroleum Institute. Gasoline inventories, however, fell by 1.6 million barrels and distillate stocks were down by 11,000 barrels, the sources said.

Official US crude oil inventory data from the Energy Information Administration is due later on Wednesday.